Mumbai, May 4 (IANS) The Reserve Bank of India (RBI) and the Insurance Regulatory and Development Authority of India (IRDAI) are not in favour of allowing banks and insurance companies to participate in the commodity derivatives market, Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey said on Monday.Speaking on the sidelines of the IMC Capital Markets Conference at the NSE, Pandey said both regulators have a “valid rationale” behind their stance and are not favourabl…
Latest Securities and Exchange Board of India News & Updates
New Delhi, April 30 (IANS) Securities and Exchange Board of India (SEBI) on Thursday introduced a fast-track mechanism for processing private placement memoranda (PPMs) of Alternative Investment Funds (AIFs), a move aimed at reducing approval timelines and enabling quicker capital deployment.Under the revised framework, AIFs — excluding large value funds for accredited investors (LVFs) — can launch schemes and circulate their PPMs to investors after 30 days of filing the application with SEBI,…
Mumbai, April 25 (IANS) Tuhin Kanta Pandey, chairman, Securities and Exchange Board of India (SEBI) on Saturday said that technology is reshaping trading, distribution and advice as new generation of investors entering the market.Addressing SEBI’s 38th foundational day event here, Pandey said that capital flows are more global and risks are more interconnected.”We are seeing a new generation of investors entering the market—digitally connected, informed, and aspirational. Technology is reshapi…
Mumbai, April 24 (IANS) The Securities and Exchange Board of India (SEBI)on Friday proposed a revised framework for calculating the net worth requirement of stock brokers, seeking to align capital norms more closely with the scale and risk profile of their operations.In a consultation paper, the regulator said the existing methodology — which ties net worth to 10 per cent of the average daily client cash balances retained by brokers — has lost relevance following the implementation of the upst…
Mumbai, April 24 (IANS) The Securities and Exchange Board of India (SEBI)on Friday permitted Foreign Portfolio Investors (FPIs) to net funds for same-day cash market transactions, a move aimed at improving operational efficiency and lowering funding costs, particularly during index rebalancing periods.Under the new framework, FPIs will be allowed to use proceeds from sale transactions in the cash market on a given day to fund their purchase transactions on the same day, thereby requiring them to…
Ahmedabad/New Delhi, April 20 (IANS) A man accused of orchestrating a GST refund fraud worth around Rs 1,825 crore has been arrested at Indira Gandhi International Airport in New Delhi after returning from Dubai, officials said on Monday. Kapil Chugh was apprehended on Sunday by officials of the Directorate General of GST Intelligence (DGGI), Ahmedabad Zonal Unit.According to officials, he had evaded the investigation, failed to respond to 22 summonses issued by the agency, and fled to Dub…
Mumbai, April 20 (IANS) The Multi Commodity Exchange of India Limited (MCX) on Monday said it has received approval from market regulator the Securities and Exchange Board of India (SEBI) to invest in a proposed coal exchange, marking its entry into the segment.The exchange plans to commit capital of up to Rs 100 crore to meet the minimum net worth requirements as per the draft Coal Exchange Rules. The move underscores the commodity exchange’s push to deepen its presence in the energy space an…
New Delhi, April 16 (IANS) To curb money laundering and financial crimes, the Financial Intelligence Unit-India (FIU-IND) has signed two separate memorandums of understanding (MoUs) with the Securities and Exchange Board of India (SEBI) and the Pension Fund Regulatory and Development Authority (PFRDA) to enhance information sharing and inter-agency coordination, the Ministry of Finance said on Thursday.The agreements mark a step towards strengthening collaborative intelligence-sharing mechanisms…
New Delhi, April 15 (IANS) The Centre’s Department of Telecommunications and the Securities and Exchange Board of India (SEBI) have signed a Memorandum of Understanding to share telecom intelligence to reinforce the security of India’s financial ecosystem, an official statement said on Wednesday.The agreement will strengthen the cooperation between the institutions in tackling the misuse of telecom resources in securities market frauds and investment-related scams.A Communications Ministry sta…
Ahmedabad, April 14 (IANS) Highlighting its leadership in environmental, social and governance (ESG), climate strategy, resource stewardship and transparency, Adani Green Energy Limited (AGEL) has received the ESG 1+ rating with a score of 87.3 from CARE ESG Ratings Limited (CareEdge-ESG), which is a Securities and Exchange Board of India (SEBI)-registered ESG rating provider.The score places AGEL at the top among all Indian companies assessed by CareEdge-ESG.The rating reflects the company’s le…